Brexit News Archive: 17 Dec 2019

Macro Morning

By Chris Becker Wall Street edged to a nominal new record high overnight but only just as the USD rose against most of the majors, Pound Sterling in particular falling as the hard Brexit firms. Economic data from the US was positive, although US Treasury yields lifted slightly, while Bitcoin ...
Chris Becker / MacroBusiness   |   Tue, 17 Dec 2019 22:30:39

Ratings agencies take UK off downgrade watch after Johnson's win

Ratings agencies Standard & Poor's and Fitch scaled back their warnings that Britain might suffer a new credit downgrade, saying Prime Minister Boris Johnson's emphatic election victory last week reduced the risk of a no-deal Brexit next month.
Reuters   |   Tue, 17 Dec 2019 22:26:40

7 Days That Shook 7 Decades Of World Trade

Some see worrisome signs for the international trading system that grew up after World War II, following a week that saw an update to NAFTA, a preliminary U.S.-China deal and a big step toward Brexit.
Scott Horsley / NPR   |   Tue, 17 Dec 2019 22:20:00

AUD/USD consolidates losses to 0.6850, trade/Brexit fears stay on the cards

Read more on
FX Street   |   Tue, 17 Dec 2019 22:02:03

S&P revises UK outlook to stable after strong election mandate

Ratings agency Standard & Poor's said on Tuesday it revised Britain's outlook to stable from negative as it expects a reduced risk for a potential no-deal Brexit after the government's strong election victory.
Reuters   |   Tue, 17 Dec 2019 21:48:23

Pound slides as Johnson signals hard 2020 Brexit deadline

Risks of 'cliff-edge' exit from EU heightened but S&P lifts UK outlook to 'stable'
FT   |   Tue, 17 Dec 2019 21:41:00

Brexit news - live: Corbyn called 'preening narcissist' by defeated Labour MP as Boris Johnson warned over 'strange' statement

Follow all the latest developments
Adam Forrest, Benjamin Kentish, Chiara Giordano / The Independent   |   Tue, 17 Dec 2019 21:27:00

U.K. ETFs Plunge on Fears of a No Deal Brexit

United Kingdom markets and country-related ETFs retreated Tuesday on growing concerns that the U.K. could divorce the European Union at the end of next year without a trade agreement. On Tuesday, the iShares MSCI United Kingdom ETF (NYSEArca: EWU) declined 1.7%, and the currency-focused Invesco Currency Shares British Pound Sterling ...
Max Chen / ETF Trends   |   Tue, 17 Dec 2019 21:00:11

Parliament Speaker Hoyle re-elected with vow to be impartial and fair

British lawmakers re-elected Labour's Lindsay Hoyle as Speaker on Tuesday, as he vowed to be impartial and fair in a moderating role which saw his predecessor John Bercow accused of breaking convention to help opponents of Brexit.
Reuters   |   Tue, 17 Dec 2019 20:41:02

Corbyn faces angry, bleak and distraught MPs

Labour leader blames Brexit and media as candidates say they were let down
FT   |   Tue, 17 Dec 2019 20:21:07

UK PM Vows To Work 'Flat Out', Outlaw Brexit Transition Past 2020

Britain's government said Tuesday it will legislate to ensure a post-Brexit transition period does not extend beyond 2020, sending the pound sinking as the European Union warned of a race against time to agree new trade terms. Prime Minister Boris Johnson won a big majority in Thursday's general election on ...
IBTimes   |   Tue, 17 Dec 2019 20:13:14

Will Boris Johnson Go Full Speed Ahead or Wobbly on Brexit?

The sweeping victory of British Prime Minister Boris Johnson and his Conservative Party in December 2019 hands him a mandate to "get Brexit done" quickly, as he has promised. In theory, he has the latitude and the votes to engineer a Brexit that is either a "no deal" type of ...
Jacob Funk Kirkegaard / Petersen Institute   |   Tue, 17 Dec 2019 20:03:19

Brexit post-mortem 1 : the Comedy of Errors

A lot of things had to go wrong.
James Wimberley / The Reality-Based Community   |   Tue, 17 Dec 2019 19:34:26

2020 Outlook: The Fear of the Fear of Missing Out

By David Mazza & Inkoo Kang, from Direxion In 2019, investors waded through significant economic and geopolitical uncertainty to push U.S. equity markets to new all-time highs as the developments around Brexit and the U.S.-China trade negotiations arrived at less than dire outcomes. However, outside of the day-to-day headlines, economic ...
Direxion / ETF Trends   |   Tue, 17 Dec 2019 19:12:12

UK shares fall on hard Brexit fears; NMC Health tanks on short attack

British firms more exposed to the domestic economy took a hit on Tuesday after Prime Minister Boris Johnson's hard line in talks with the European Union rekindled fears of a hard Brexit, while NMC Health plunged on Muddy Waters' short attack.
Reuters   |   Tue, 17 Dec 2019 18:10:26

Pound slides to pre-election levels in wake of bid to outlaw Brexit extension

Sterling has lost two cents against both the euro and dollar amid City fears of no deal The pound has given up the gains made since the general election after Boris Johnson said he would write Britain's exit from the EU next year into law without an extension in the ...
Richard Partington Economics correspondent / Guardian   |   Tue, 17 Dec 2019 18:10:10

No Sleep Til Brexit: UK PM To Outlaw Brexit Extension Beyond 2020

Britain is seeking to outlaw any extension to the Brexit transition period beyond 2020, the government said on Monday, sinking the pound and leaving Brussels fearing a race against the clock to strike a new trade deal. Prime Minister Boris Johnson won a big majority in Thursday's general election on ...
IBTimes   |   Tue, 17 Dec 2019 17:32:59

Andrea Jenkyns Gives 'Stop Brexit Steve' a Christmas Sock

Brexit Hero Andrea Jenkyns braved the rain and the Remainer rabble outside Parliament this afternoon to deliver a Christmas gift. Flanked by Sue who has been protesting in favour of Brexit outside Parliament for the last year, Andrea delivered Steve Bray a House of Commons sock. Now he'll finally be ...
Tom Harwood / Guy Fawkes' blog   |   Tue, 17 Dec 2019 17:00:53

PM hails 'people's parliament' that will 'get Brexit done'

Boris Johnson has declared the new "people's parliament" will "get Brexit done", as MPs returned to the Commons for the first time since the general election.
Sky   |   Tue, 17 Dec 2019 16:53:00

Sterling falls on new Brexit fears, stocks edge higher

The dollar rose on Tuesday amid concerns about Britain's setting a hard deadline to reach a new trade deal with the European Union, while global equity markets gained, lifted by a resurgent U.S. housing market that bodes well for the economy.
Reuters   |   Tue, 17 Dec 2019 16:36:34

Brexit bill to rule out extension to transition period

The move comes as MPs gather for the first sitting of the new Parliament after the general election.
BBC   |   Tue, 17 Dec 2019 16:34:29

A Post-Election Reckoning for British Politics

Leaving the European Union on January 31, 2020, will be UK Prime Minister Boris Johnson's repayment of the debt he owes to the many Labour supporters who "lent" his Conservatives their votes. But "getting Brexit done" won't be enough for the Tories to hold on to their parliamentary seats.
Robert Skidelsky / Project Syndicate   |   Tue, 17 Dec 2019 16:03:20

UK parliament Speaker Hoyle re-elected with vow to be impartial and fair

British lawmakers re-elected Labour's Lindsay Hoyle as Speaker on Tuesday, as he vowed to be impartial and fair in a moderating role which saw his predecessor John Bercow accused of breaking convention to help opponents of Brexit.
Reuters   |   Tue, 17 Dec 2019 15:55:26

UK told Brexit trade deadline will limit options

Downing Street wants to agree a trade deal by December 31, 2020.
Emilio Casalicchio / Politico   |   Tue, 17 Dec 2019 15:47:15

'Rigid' Brexit time frame will leave things out of reach - EU commissioner

The end-2020 deadline set by British Prime Minister Boris Johnson to reach a deal on future EU-UK ties is "rigid" and will limit the scope of a free trade agreement between the two, EU Commission Vice President Valdis Dombrovskis said on Tuesday.
Reuters   |   Tue, 17 Dec 2019 15:44:03

Where Now for Britain's Labour Party?

Rachel Shabi Appealing to "socially conservative" voters, or a shift to the center, will fail. Corbyn himself may not be popular, but his leftward tack of the party is. The post Where Now for Britain's Labour Party? appeared first on The Nation .
Rachel Shabi / The Nation   |   Tue, 17 Dec 2019 15:39:10

Factbox: Key milestones on Britain's road to Brexit, and beyond

Prime Minister Boris Johnson has set a course to take Britain out of the European Union, and negotiate new free trade deals with Brussels and the United States.
Reuters   |   Tue, 17 Dec 2019 15:22:38

Britain threatens Brexit cliff-edge to force EU trade deal by December 2020

Britain set a hard deadline of December 2020 on Tuesday to reach a new trade deal with the European Union, betting that the prospect of another Brexit cliff-edge would force Brussels to move more quickly than usual to seal an accord.
Reuters   |   Tue, 17 Dec 2019 14:18:14

Brexit predictions for 2020

There will be a minimal free trade agreement, with many other details to be filled in over time
FT   |   Tue, 17 Dec 2019 14:16:17

Boris Johnson's 'strange' Brexit extension block will limit UK's options, warns Ireland

Foreign minister Simon Coveney says 'we shouldn't be closing off options'
Jon Stone / The Independent   |   Tue, 17 Dec 2019 14:15:00

Ditch the people or policy? What historic trends suggest Labour needs to do next

After a crushing defeat in the general election, Labour will now embark on a post-mortem investigation of what went wrong. The immediate response by the party leadership, once the scale of the defeat was known, was to attribute the result to Brexit. The party's message on the issue was muddled ...
Harold D Clarke, Ashbel Smith Professor, School of Economic, Political and Policy Sciences, University of Texas at Dallas / The Conversation   |   Tue, 17 Dec 2019 13:31:31

Pound Tumbles On Report PM Johnson Plans To Outlaw Further Brexit Delays

Pound Tumbles On Report PM Johnson Plans To Outlaw Further Brexit Delays Just three days after the biggest one-day surge in cable since 2016 following the crushing Conservative defeat of Labour, the pound has lost all post-election gains, plunging more than 1% on Tuesday... ... on overnight news that U.K. ...
Tyler Durden / Zero Hedge   |   Tue, 17 Dec 2019 13:29:30

EU must focus on avoiding cliff-edge in Brexit talks - senior EU official

The European Union will have to limit talks on its future relationship with the United Kingdom to avoiding another cliff-edge, a senior EU official said on Tuesday, after Britain confirmed it would definitely leave the bloc by the end of 2020.
Reuters   |   Tue, 17 Dec 2019 13:08:24

It Will Never End

One reason for the UK election results was a general desire to just get Brexit over with. But it will never be over.But the French president warned Johnson continued regulatory harmonisation would be the price for protecting the flow of UK-EU trade. "The more ambitious the trade deal, the more ...
Atrios / Eschaton   |   Tue, 17 Dec 2019 13:00:00

Pound and stocks flop as Brexit fears resurface

European stocks skidded off record highs and sterling dropped more than 1% on Thursday, as reports that Britain's prime minister was ready to play rough in Brexit talks brought December's cross-market rally to a halt.
Reuters   |   Tue, 17 Dec 2019 12:33:46

UK PM To Outlaw Brexit Extension Beyond 2020

British Prime Minister Boris Johnson was seeking Tuesday to outlaw extending the Brexit transition period beyond the end of 2020, as he prepared to put the EU divorce deal before MPs. Johnson won a big majority in last week's general election on a promise to "get Brexit done" by taking ...
IBTimes   |   Tue, 17 Dec 2019 12:07:03

Sterling Slides On Revived No-deal Brexit Fears

The British pound slid Tuesday on news Prime Minister Boris Johnson will outlaw any extension to a Brexit transition beyond the end of next year, reviving fears of a no-deal divorce. In late morning London deals, the pound sank by as much as 1.25 percent against the dollar, while the ...
IBTimes   |   Tue, 17 Dec 2019 12:06:20

Pound erases election gains amid no-deal Brexit concern

The pound is back down to where it was before the UK general election as Brexit concerns resurface.
BBC   |   Tue, 17 Dec 2019 11:53:57

UK PM Boris Johnson to outlaw Brexit extension beyond 2020

Johnson won a big majority in last week's election on a promise to take Britain out of the European Union by the end of January, followed by a transition period when London and Brussels negotiate a trade agreement.
PTI / Financial Express   |   Tue, 17 Dec 2019 11:47:45

UK jobs growth resumes, unemployment rate near 45-year low

The number of people in work in Britain unexpectedly rose in the three months before the missed Oct. 31 deadline for Brexit, according to data which suggests the labour market was retaining some of its strength.
Reuters   |   Tue, 17 Dec 2019 11:14:50

Pound Slips As No-Deal Brexit Scenario Emerges Again

Read Full Article At The Original Source Johnson is reportedly working on amending the withdrawal agreement bill concerning Brexit in a way that will bar...
sellputs / Hedge Accordingly   |   Tue, 17 Dec 2019 11:07:52

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